log in
Print | Back

Buchalter

Joseph K. Fletcher, III

Joseph K. Fletcher, III

Shareholder

WSG Practice Industries

Activity

Buchalter
California, U.S.A.

Profile

Joseph K. Fletcher, III. is a Shareholder in Buchalter’s Los Angeles office and a member of the Tax, Benefits & Estate Planning and Corporate practice groups. With more than 25 years of tax law experience, Mr. Fletcher’s international practice includes matters involving the taxation of mergers and acquisitions, resolution of tax controversies, and international taxation.

Mr. Fletcher shares his ample experience in tax law as an educator and frequent speaker on business tax issues. He has taught classes as an Adjunct Professor on “Taxation of Intellectual Property” and “Mergers and Acquisitions”, and is also a frequent panelist on CLEs addressing issues ranging from partnership taxation to cancellation of indebtedness income.

Mr. Fletcher has achieved the highest rating of “AV-Preeminent” awarded by Martindale-Hubbell Law Directory for both tax law and corporate law, from 2013-present. He has been named to the Best Lawyers in America list from 2019-2021, and has been included in The Legal 500.

Bar Admissions

  • California
  • New York
  • District of Columbia

Education

  • Georgetown University
  • University of San Diego School of Law
  • University of Pennsylvania
Areas of Practice

Corporate Law | Tax, Benefits and Estate Planning

Professional Career

Significant Accomplishments

  • Represented Mad Engine, LLC in Its Sale to Platinum Equity
  • CriticalPoint Capital, LLC in its acquisition of Farm Supply Distribution division from Southern States Cooperative
  • Advised on numerous private equity transactions on both “sell side” and “buy side” including structuring of deals, use of “F” reorganizations, management rollovers, and negotiation of representations, warranties and covenants in agreements.
  • Advised numerous partnerships and LLCs on tax issues related to “waterfalls” and tax allocations, including the use of targeted allocations.
  • Established real estate joint ventures for holding of both commercial and mutli-family properties.
  • Advising on the tax treatment of profits interests, restricted stock, and stock options.
  • Advised U.S. and foreign clients on tax structures related to licensing of intellectual property (“IP”) including creating structures for cross-border licensing and advising on withholding taxes.
  • Obtained a “No Change Letter” (complete concession by the U.S. Internal Revenue Service) on the audit of the U.S. subsidiary of a Japanese company.
  • Obtained a “No Change Letter” (complete concession by the U.S. Internal Revenue Service) on the audit focusing on business use of a private jet and real estate activities.
  • Served as Special Tax Counsel to bankruptcy estate involving interests in approximately 100 entities, many of which with negative capital accounts.
  • Advised on over $1 billion acquisition of Japanese electronics company by U.S. public company.
  • Advised apparel company on use tax matter, resulting in complete concession by Board of Equalization.
  • Advised on divisional purchase of an “OTC” line of products by a major foreign pharmaceutical company.
  • Advised on sale of multiple gas station operator valued at approximately $500 million.
  • Advised on sale of building products company valued at approximately $90 million.
  • Advised on formation of real estate investment funds and advised foreign investors on tax-efficient structures for holding U.S. real estate.
  • Advised on numerous “S” corporation issues including favorable private letter ruling related to inadvertent termination of “S” status.
  • Took numerous taxpayers through IRS Offshore Voluntary Disclosure Program and utilized “Streamline” program.
  • Advising on numerous like-kind exchanges under Section 1031, including exchanges with values of over $100 million.
  • Obtained 501(c)(3) status for organization providing education to victims of human trafficking.

Articles

Beware of Proposition 19 Property Tax Increases—Planning Opportunities Still Exist for a Brief Window
Buchalter, November 2020

Proposition 19, which was marketed as a provision to benefit homeowners who are over 55, the disabled, and wildfire/disaster victims, actually contained major property tax increases. The increased property taxes will be paid by children and grandchildren that receive California real estate (primary residences and all other properties) from their parents and grandparents...

Additional Articles

  • Beware of Proposition 19 Property Tax Increases—Planning Opportunities Still Exist for a Brief Window
  • Executive Order Payroll Tax Deferral: Guidance and Considerations


WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

HOME | SITE MAP | GLANCE | PRIVACY POLICY | DISCLAIMER |  © World Services Group, 2021